Investor Presentaiton slide image

Investor Presentaiton

• Flagship Kopsa Project Kopsa has near-surface existing resources, a mining concession that is conditionally approved, and a 31km² land package¹ Kopsa has been explored by multiple groups, including: Outokumpu up to 1982, Belvedere Resources between 2002 and 2015 and Fennia Gold (FG) between 2017 and September 2021. Northgold completed updated JORC-compliant mineral resource estimate in 2024, resulting in 585,100 oz Au and 749,500 oz AuEq. Belvedere Resources contracted SRK to prepare NI 43-101 PEA, released in 2013. PEA economics for open pit production with off-site processing were positive at a gold price of USD 1,200/oz and copper price of USD 2.72/lb from initial capex under USD 50 million. Gold and copper prices are currently significantly higher (above $2,000/oz Au and $3.75/lb Cu), suggesting much improved economics today. Kopsa outcrops to surface with majority of contained gold resource ounces in the top 50m. Pirttijärvi Pitkäjärvi Norssinjärvi (Cu, held by others) ☐ Kangaskylä (held by others) о Ahveroinen (held by others). о Q Katajaneva Figure: Kopsa Tenement Map 1 Land package refer to areas where exploration permits are either granted or under application. See Slide 24 for details. Lehto (held by others) ° Sorola (Cu) Kopsa Mining permit / mining concession Active Exploration permit / claim Active Application Mineral occurrences / prospects Gold Other commodity REISJÄRVI 0 Near-term upside potential at Kopsa: Resource growth and new discoveries along parallel structures. Higher gold prices and optimized resource model & pit shell XRT ore sorting technology shows potential to improve grade profile. 18 HAAPAJÄRVI Northgold 10 km
View entire presentation